Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$585,573$585,573$612,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$26,427$0
Funding fee$0$0$0
Note rate6.740%6.740%7.320%
Blended rate7.290%7.364%7.560%
1st payment$3,903.83$3,903.83$4,204.02
2nd payment$0.00$198.20$0.00
Taxes / mo$566.67$566.67$566.67
Insurance / mo$166.67$166.67$166.67
MI / mo$276.15$276.15$122.40
HOA / mo$264.00$264.00$264.00
Total monthly$5,177.31$5,375.52$5,323.75
Cash to close$94,427$68,000$68,000